This document discusses issues with bankruptcy reform in Indonesia and proposes thoughts for improvement. It notes that while Indonesia's ranking on contract enforcement and insolvency resolution has improved, the real situation may be different as bankruptcy is often used for liquidation rather than settlement. Fewer than 200 bankruptcy cases are filed annually in Indonesia compared to thousands in other countries. Key problems identified include the bankruptcy system not being used properly, potential for procedural misuse, lack of a single oversight authority, high costs, and the system not being consumer or MSME friendly. Reform is needed to establish a bankruptcy authority, make the process more constructive for different debtor types, and increase professional standards and transparency.